Last week we talked about the skyrocketing prices the spot load market is seeing in freight and transportation costs. Shippers are bearing the brunt of these elevated rates and are having to rethink the way they arrange the movement of their goods so all their profits don't fly out the window.
Want to know what's going on in the transportation and logistics industry? Choptank shares firsthand what's happening regarding recent trends, changes in rates and fuel, capacity insights, and more in its monthly report. Ship & Transport #Market Report_1217
With 15.5 million trucks on the road the United States, it is a good bet to say that the ELD mandate is going to have an impact on capacity when December 18, 2017 arrives. Reports vary on exactly how many drivers and fleet owners are ready. Even if just a fraction of the trucks on the road today are put out of commission as a result of the mandate, the trickle-down effect to the economy could be quite significant, especially when more severe penalties go into effect after April 1, 2018. Read about rate predictions associated with the ELD mandate.
Choptank Transport, an award-winning, nationwide third-party logistics (3PL) provider announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to help shape the future of logistics technology.
Curious about what's going on in the industry with wildly fluctuating prices and capacity all over the map? Check out our recent transportation industry market report.
Rising spot rates, decreased capacity, peak season and impending ELDs have created the perfect storm
Labor Day, like Memorial Day, is one of those “long weekend” holidays we all look forward to. Some people even confuse the two. We ponder the origins of each one briefly so we feel good about why we are celebrating it. These holidays have grown to represent more than just the day itself. Memorial Day kicks off the beginning of summer, nice weather and vacation time -- and conversely, Labor Day, the beginning of the school year, fall foliage and the bigger holidays.
If you’re a Marvel Comics fan and have seen the latest box-office hit “Logan” you may have noticed a scene where driverless trucks are a part of the fast-paced, futuristic landscape. How close are we to this sci-fi reality?